Wesbanco Bank Charleston in Charleston, West Virginia (WV)



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Wesbanco Bank Charleston
GeneralFDIC Certificate #: 21887
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank, Inc. (#803)
Federal Reserve ID: 766427
Date Established: January 03, 1975
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 15166
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 03, 1975
Last Structure Change Effective Date: January 15, 2000
Last Structure Change Process Date: March 29, 2000
Last Data Update: March 29, 2000
Data Source Date: April 05, 2012
LocationAddress: 852 Oakwood Road, Charleston, WV 25314
County: Kanawha
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Scott Depot
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Charleston, WV (#1480)
Core Based Statistical Area (CBSA): Charleston, WV (#16620)
CBSA Metro Statistical Area: Charleston, WV (#16620)
Financial SummaryTotal assets: $145.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)69
Total assets$145,238
Cash and due from depository institutions$4,619
Interest-bearing balances$0
Securities$39,203
Federal funds sold & reverse repurchase agreements$4,865
Net loans & leases$83,344
Loan loss allowance $1,110
Trading account assets$0
Bank premises and fixed assets$5,757
Other real estate owned$463
Goodwill and other intangibles$5,415
All other assets$1,572
Life insurance assets$0
Total liabilities and capital$145,238
Total liabilities$120,899
Total deposits$118,314
Interest-bearing deposits$102,300
Deposits held in domestic offices$118,314
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,376
Trading liabilities$0
Other borrowed funds $465
Subordinated debt $0
All other liabilities $744
Total equity capital$24,339
Total bank equity capital$24,339
Perpetual preferred stock$24,339
Common stock$0
Surplus$1,125
Undivided profits $13,762
Memoranda
Noncurrent loans and leases $9,452
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $10,630
Income earned, not collected on loans $0
Earning assets $13
Long-term assets (5+ years) $0
Average Assets, year-to-date $440
Average Assets, quarterly $127,412
Volatile liabilities $57,581
Insider loans $144,795
FHLB advances $144,593
Loans and leases held for sale $14,743
Unused loan commitments $3,954
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $10,630
Restructured Loans and leases $0
Derivatives$1,029
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $9,390
Total interest expense $3,961
Net interest income $5,429
Provision for loan and lease losses $177
Total noninterest income $598
Fiduciary activities $0
Service charges on deposit accounts $512
Trading account gains & fees $0
Additional noninterest income $86
Total noninterest expense $4,560
Salaries and employee benefits $2,130
Premises and equipment expense $477
Additional noninterest expense $1,953
Pre-tax net operating income $1,290
Securities gains (losses) $3
Applicable income taxes $404
Income before extraordinary items $889
Extraordinary gains - net $0
Net income attributable to bank $889
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $155
Net operating income $900
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.30%
Cost of funding earning assets 3.08%
Net interest margin 4.22%
Noninterest income to earning assets 0.46%
Noninterest expense to earning assets 3.54%
Net operating income to assets 0.61%
Return on assets (ROA) 0.61%
Pretax return on assets 0.89%
Return on equity (ROE) 3.58%
Retained earnings to average equity (YTD only) -0.04%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 114.19%
Efficiency ratio9.46%
Assets per employee$68,475
Cash dividends to net income (YTD only)2.10%
Condition Ratios (%)
Loss allowance to loans 101.24%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 8538.46%
Noncurrent loans to loans 0.33%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 70.44%
Equity capital to assets 79.20%
Core capital (leverage) ratio 16.76%
Tier 1 risk-based capital ratio 13.91%
Total risk-based capital ratio 23.57%
Memoranda
Average assets$25
Average earning assets$144,795
Average equity $24,839
Average loans $128,693
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